Currencies wrap: the best, the worst, the most volatile
Here we gathered the best and the worst performers of the week and the most volatile pairs .
GBP/USD finds a support
During the conference in Hague, German Chancellor Angela Merkel said that the EU would find a backstop solution by October 31 (Brexit deadline). GBP/USD positively reacted to her comments and jumped by more than 140 pips. At the moment of writing, the cable has been testing the resistance at 1.2250. If this level is broken, the next resistance will lie at 1.23. If bears take over the market, the pair will reverse towards the 1.2108 level. The next key level for bears will be placed at 1.2042.
Similar
ECB: what’s next for the euro?
The European Central Bank will meet today to discuss the current monetary policy and the fate of the quantitative easing program
Retail data may shake the loonie
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
Latest news
How to trade CAD ahead of the GDP release?
Canada will publish its monthly GDP growth rate at 15:30 MT on January 31.
PFIZER: will it repeat the jump?
The famous pharma giant Pfizer is going to release its earnings report on January 28 at 17:00 MT time.
Will the BOE manage to keep the GBP standing?
The Bank of England’s interest rate announcement and monetary report will be out at 14:00 MT on January 30.
Deposit with your local payment systems
